Pure Storage reported strong second quarter fiscal year 2026 total revenue of $861.00 million, a 13% year-over-year increase, exceeding both its guidance and analyst estimates. The company also achieved an operating profit of $130 million, resulting in an operating margin of 15.1%, surpassing its own projections.
A pivotal development was the commencement of initial volume deployments and revenue recognition from the landmark hyperscaler design win, later confirmed as Meta, in Q2 FY26. Pure Storage expects to deploy one to two exabytes of its DirectFlash technology with Meta by the end of fiscal year 2026, with potential for double-digit exabytes in full production deployments by fiscal year 2027.
The company raised its full-year fiscal 2026 revenue guidance to a range of $3.60 billion to $3.63 billion, representing 13.5% to 14.5% year-over-year growth, an increase from previous guidance. Non-GAAP operating income guidance was also raised to between $605 million and $625 million, reflecting confidence in continued profitable growth and strong customer adoption of its platform strategy.
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